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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (41153)4/24/1998 10:01:00 AM
From: Heg Heg  Read Replies (2) | Respond to of 58727
 
Donald, the NH-NL data are at the bottom.

Dave, could you please post the formula for the v-stop and p-stop?

TIA



DATE NYSE_NEW_HIGH NYSE_NEW_LOW NASD_NEW_HIGH NASD_NEW_LOW
01/04/98 226 23 288 60
02/04/98 309 24 327 57
03/04/98 304 25 320 48
06/04/98 276 17 277 61
07/04/98 118 29 129 55
08/04/98 82 23 131 57
09/04/98 162 25 196 55
13/04/98 171 25 255 64
14/04/98 254 26 311 69
15/04/98 272 16 312 75
16/04/98 124 22 245 72
17/04/98 135 20 216 52
20/04/98 170 21 283 63
21/04/98 180 28 331 51
22/04/98 204 33 311 52
23/04/98 115 35 181 56



To: jjs_ynot who wrote (41153)4/24/1998 10:06:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
INDEX UPDATE
--------------------------

Right now the DOW and NAZ are up, and many of the BULLS are saying to buy on the dip and the BEARS are wondering why the market is not down 100 points right now.

When many of us were trying to time the top we lost out. My signals indicated sells and the pullback was a big 50 points. Now the question is will the reverse start to happen for those going long right now today. The internet stocks were all CLASS 1 BUYS (thats right BUYS, not SELLS) per my short-term technicals and right now many of them have popped up so far. The KEY is whether these stocks can get back to their recent highs, if not we are starting the pattern of lower highs to lower lows.

Subjectively the buy on the dip mentality is still here, but if they start failing the momentum to the downside should start to pickup. Unless the market exceeds the recent peaks this week, then this short-term downtrend is still in effect.

The DOW was down 30 points early in the morning and reversed about 45 points to the teens, and such action should be expected. Subjectively the BULLS are not going weaken that quickly.

The other key to watch for the probability of this pullback to continue and even increase is the interest rates.

Seeya



To: jjs_ynot who wrote (41153)4/24/1998 2:28:00 PM
From: Patrick Slevin  Respond to of 58727
 
ooooooo baby.

Yes, certainly. Excuse me, but with the market dropping like a rock I'm having way too much fun.

Tell Kevin to pick up some Thorazine and throw in some of those blue Stelazine thingies as well, if he does not mind.